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The exchange rates are: 1 US dollar = 85 Japanese yens, 1 Great Britain Pound= 1.53 US dollars, 1 Great Britain pound=131.4 Japanese Yens. Is

The exchange rates are: 1 US dollar = 85 Japanese yens, 1 Great Britain Pound= 1.53 US dollars, 1 Great Britain pound=131.4 Japanese Yens.

Is there a triangular arbitrage opportunity here? If there is, explain how to take advantage of it.

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